Decision Maker: Cabinet (Housing) Committee

Outcome:

Is Key Decision?: Yes

Is Callable In?: No

Date of Decision: February 11, 2026

Purpose: To agree the HRA budget for 2026/27

Content: The Committee considered the rent levels and service charges for the Housing Revenue Account (HRA) and a recommended budget for 2026/27 and then recommended that the Council Meeting give approval to:-   (1) An increase of 4.8% for social and affordable rent.   (2) An increase of 5.0% for rent of shared ownership properties.   (3) Service charge increases as outlined in section 5, with authority delegated to the Director of Finance, in consultation with the Cabinet Member for Economy, Regeneration & Housing, to agree a lower increase should this be necessary.   (4)The Housing Revenue Account Budget for 2026/27 as set out in Appendix 1.

Alternative options considered: None.